Monday, 27 April 2015
Last updated 5 hours ago
Feb 10 2011 | 5:00am ET
Fortress Investment Group is set to christen its new Singapore office with a new hedge fund bringing its signature strategy to Asia.
The New York-based firm will launch its Fortress Asia Macro Fund next month, HFMWeek reports. The new fund will be managed by Adam Levinson, Fortress' global macro co-chief investment officer. Levinson recently moved to Singapore to set up the new office.
The Asia macro fund has been in the works for some time; Fortress said it would create such a fund when it announced Levinson's move in October.
The new fund will seek to profit from fundamental trends linked thematically to Asia, according to HFMWeek.
"The Asia region has long been a major focus of our liquid markets business, and we believe the region will continue to present attractive opportunities for us to leverage our global macro capabilities on our investors' behalf," Levinson said last year.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…